Paypal should become a payment option in the Android Market later this month, according to a report from TheStreet. Sources familiar with the situation say the deal is already done and Paypal will announce it at their annual developers conference on October 26th.

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This is the reason why I don’t buy apps in the market. I tried to get a game for $3.99 and my payment was held due to fraud risks by my bank. On top of that they love to charge £5-10 “handling” fees for payments not in sterling.
Whereas PayPal will just convert the value to pounds for me, and take it out of my UK balance if I still have credit left.

As a Norway resident I hope that this will fix the issue with already purchased apps not showing as installed in Market.
For instance, I purchased Tasker a while ago but paid apps in Norwegian Market only showed up a few days ago, thus Tasker cannot be updated through Market without paying for it again.
Of course, I can just chack for updates in Tasker but this is not the only paid app I have installed and I find this issue quite annoying…

Hmm – not sure this will be good for me. Perhaps I’m just being cynical, but I suspect Paypal will take great delight in ‘helpfully’ converting all my â‚¬ and $ purchases into £ at some silly exchange rate, when I currenlty just pay for them directly in their native currency using my credit card (that doesn’t levy any exchange fees!).

Using Paypal will only be a way to increase fees: we will have to pay both Paypal and Google plus currency conversion rates, etc. etc. Either the price of all the apps will increase or developers will get less money.